The premier US entertainment baron, Walt Disney has a plan on cards to sell its Indian assets, particularly streaming and television business.
As per the reports, the US giant is in talks with Adani Group and Sun TV, who seem to be the potential buyers of these rights.
The US entertainment conglomerate has analysed the interest of private equity groups. The analysis comes as the business considers different possibilities, including the sale of a portion of its Indian operations or a combination of unit assets, such as sports rights and the regional streaming service Disney+ Hotstar.
The proposed acquisition might potentially support Kalanithi Maran’s media enterprise, Sun TV Network. In the meantime, it could assist the Adani Group in constructing its newly acquired New Delhi Television Ltd (NDTV). However, the sources highlighted that the talks are in their early stages and that there is no guarantee that a deal will be reached.
Previously, reportedly, the US entity was also in discussion with Reliance Industries. This evaluation came after the company’s streaming rights for the Indian Premier League (IPL) were sold to Viacom18.
To attract more viewers, Disney+ Hotstar is streaming all the matches of the multinational tournament for free, along with the special feature of data saver mode, which will help the viewers to stream the matches without wasting much internet data.